XINSURANCE offers space insurance to Jeff Bezos and Blue Origin passenger
Salt Lake City — XINSURANCE – a leading nationwide specialty lines liability insurance company – offered to insure Jeff Bezos and his five Blue Origins passengers during the upcoming high-profile rocket flight in July.
“Like Bezos, we are calculated risk takers, and XINSURANCE strives to find formulated solutions for the uninsurable,” says J. Parker Lindsey, senior vice president of XINSURANCE. “We are confident we can accurately evaluate this new risk of space flight and provide quotes to and insure not only Bezos, but all future passengers of space flights.”
Bezos, the wealthiest person in the world, is the biggest name to take to space, and until now, could not find an insurance agency to cover the 11-minute trip for him and his space crew. While NASA’s astronauts are effectively insured through US taxpayers, Blue Origin is not legally required to offer insurance to its passengers. Until today, no firm was ready to offer liability coverage for space travelers.
In addition to offering to cover the space flight with Bezos, XINSURANCE will look to offer insurance for the budding space tourism industry in general. XINSURANCE specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure.
“It’s a risk category where there’s a need,” says Lindsay, “And we’re the right company to fill it.”
XINSURANCE is a specialty lines liability insurance company that provides insurance solutions for difficult risk individuals, homeowners, and businesses when other insurance companies will not or cannot provide. The insurance company has more than 40 years of expertise in offering high-risk specialty insurance across the US For more information about XINSURANCE, visit www.xinsurance.com.